Bucking national trend, Palm Beach County mansion prices rise

799 Sanctuary Drive, Boca Raton, sold for $8 million.

799 Sanctuary Drive, Boca Raton, sold for $8 million.

Nationally, U.S. mansion prices fell 1 percent in the first quarter, according to real estate brokerage Redfin. But three Palm Beach County cities bucked the trend, posting double-digit increases.

Boca Raton and Delray Beach ranked fifth and sixth nationally in Redfin’s ranking of price appreciation for luxury homes, which the brokerage defines as the top 5 percent of homes. West Palm Beach finished 11th.

Rank. City (average price): Increase

  1. Oakland ($2.4 million): +49.8 percent

5. Boca Raton ($3.2 million): +21.6 percent

6. Delray Beach ($3.3 million): +20.2 percent

11. West Palm Beach ($1.3 million): +12.7 percent

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